New York CityNew York City

$400,000 First Mortgage – Commercial Building – Carroll Gardens

Brick Capital Partners LLC, through an affiliate entity, provided a first mortgage in the amount of $400,000 to a private real estate owner.  Located in the Carroll Gardens section of Brooklyn,  the collateral is comprised of a three story commercial building that houses the borower’s business and offices.  The loan proceeds were used to help purchase a vacant lot that is slated for redevelopment.  The loan  is interest only with a 3 year term.